Short Interest in Columbia Short Duration Bond ETF (NYSEARCA:SBND) Declines By 58.6%

Columbia Short Duration Bond ETF (NYSEARCA:SBND) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 18,772 shares, a decline of 58.6% from the June 30th total of 45,293 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 178,803 shares, the short-interest ratio is presently 0.1 days.

Columbia Short Duration Bond ETF Stock Performance

Shares of NYSEARCA SBND opened at $18.66 on Monday. Columbia Short Duration Bond ETF has a fifty-two week low of $18.54 and a fifty-two week high of $19.08. The company’s 50 day simple moving average is $18.74 and its 200 day simple moving average is $18.83.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SBND. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Columbia Short Duration Bond ETF during the first quarter worth $10,237,000. Cetera Investment Advisers lifted its stake in Columbia Short Duration Bond ETF by 1,133.6% in the first quarter. Cetera Investment Advisers now owns 559,822 shares of the company’s stock valued at $10,516,000 after buying an additional 514,439 shares during the period. LPL Financial LLC lifted its stake in Columbia Short Duration Bond ETF by 623.2% in the fourth quarter. LPL Financial LLC now owns 574,020 shares of the company’s stock valued at $10,863,000 after buying an additional 494,651 shares during the period. Bank of America Corp DE lifted its stake in Columbia Short Duration Bond ETF by 144.9% in the third quarter. Bank of America Corp DE now owns 403,792 shares of the company’s stock valued at $7,662,000 after buying an additional 238,922 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in Columbia Short Duration Bond ETF during the fourth quarter worth about $3,178,000.

About Columbia Short Duration Bond ETF

The Columbia Short Duration Bond ETF (SBND) is an exchange-traded fund that is based on the Beta Advantage Short Term Bond index. The fund tracks an index comprised of six sub-indices from different segments within the fixed income space. The six sub-indices each have fixed weights within the fund. SBND was launched on Sep 21, 2021 and is managed by Columbia.